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Stonebanks&#39 barbed olive branch for Standard

Standard Life carpetbagger David Stonebanks has extended a barbed-edged olive branch to the insurer, suggesting he will not force a special general meeting to vote on demutualisation until its AGM next April if it will approve his resolutions in advance.

Stonebanks, whose first demutualisation vote attempt was thwarted last month, says he wants Standard to be involved in the resolution drafting this time around as it has to live with the outcome of the campaign.

Stonebanks, who has sent in his amendments, says this is despite many of his supporters wanting to push ahead.

Standard says it is unable to respond further to the request until after its board meeting at the end of the month.

In an email to supporters, Stonebanks said Standard&#39s directors have threatened to make a demutualisation bid more difficult in future if this bid fails.


MediQuote adds Health-on-Line products

Comparative private medical insurance and cash plan portal MediQuote has added individual products from Health-on-Line to its offering. Group Company Choice plans will also be offered from September.Health-on-Line&#39s PMI plan offers essential in-patient cover with the choice of adding any of seven additional options instead of a pre-determined basket of benefits.MediQuote business development director Mark […]

Discounts to get boost as fixes begin to rise

A surge in the popularity of tracker and discount mortgages is predicted by lenders following a recent dramatic rise in the cost of borrowing on the money markets.Lenders say that with swap rates shooting up by 0.5 per cent and fixed-rate mortgages being repriced upwards, variable-rate mortgages will appear very attractive to consumers.Accord Mortgages has […]

Independent view

Do you know it has taken me pretty much 17 years in this business to properly understand the true pecking order in the regulatory melee?I suspect I really knew all along but I now understand that it is purely a political process – nothing more, nothing less. There was me thinking that the previous “regulators” […]

Davy&#39s Terrier instinct

Yorkshire sports magnate Ken Davy has extended his interest from the oval ball to the round ball game with a successful bid to take over Third Division side Huddersfield Town.Simply Biz founder Davy, who already owns the Giants, Huddersfield&#39s rugby league side, now becomes head honcho at The Terriers.Fans will hope his networking capabilities will […]


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